In the second quarter, exiting big tech names like Meta Platforms (META) and chip giants Nvidia (NVDA) and Broadcom (AVGO), Third Point’s Daniel Loeb has taken new positions in Space Exploration Technologies (SPCX), Warner Bros. Discovery (WBD), and TTM Technologies (TTMI). This move from event-driven investing suggests a broader shift away from industry-leading names toward stocks that may be on the verge of a surge.
